Bitcoin Forum
December 12, 2017, 08:31:28 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 [5] 6 7 8 »  All
  Print  
Author Topic: Gamblers: Please Martingale Carefully!  (Read 7192 times)
Phildo
Legendary
*
Offline Offline

Activity: 1316



View Profile
November 22, 2014, 11:54:25 PM
 #81

Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..
If there is a large difference between your starting bet and the lesser of your bankroll and the house max bet amount then you will generally be able to make a small amount of money as the chances of having a bad luck spree early on is very low. At the very least you will want to have at least 100x in a bankroll as your starting bet and you potentially can make a small amount of money realistically if you know when to stop.

The problem is that many people get greedy and end up loosing their entire bankroll. At a point martingale somewhat becomes an all or nothing type bet

It's not about getting greedy, it's how martingale works. If you are doing martingale and you lose 10 in a row, is making the 11th bet greedy? Either making the 11th bet is greedy, or martingale failed because you didn't make a profit.

1513110688
Hero Member
*
Offline Offline

Posts: 1513110688

View Profile Personal Message (Offline)

Ignore
1513110688
Reply with quote  #2

1513110688
Report to moderator
1513110688
Hero Member
*
Offline Offline

Posts: 1513110688

View Profile Personal Message (Offline)

Ignore
1513110688
Reply with quote  #2

1513110688
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513110688
Hero Member
*
Offline Offline

Posts: 1513110688

View Profile Personal Message (Offline)

Ignore
1513110688
Reply with quote  #2

1513110688
Report to moderator
1513110688
Hero Member
*
Offline Offline

Posts: 1513110688

View Profile Personal Message (Offline)

Ignore
1513110688
Reply with quote  #2

1513110688
Report to moderator
dooglus
Legendary
*
Offline Offline

Activity: 2366



View Profile
November 23, 2014, 06:42:14 AM
 #82

most sites' nowadaze have martingale detection trip-switch  ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to. Smiley

sure yeah right : imo any "fair" site will get botted to hell! :-D

Martingale is a losing strategy.

Having a bot Martingale for you just makes you lose faster.

Sites welcome Martingale players because they know they will end up losing. There's absolutely no need (and if the site is designed probably, no way) to cheat them.

Just-Dice                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   Play or Invest                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   1% House Edge
sidhujag
Legendary
*
Offline Offline

Activity: 1666


View Profile
November 23, 2014, 06:46:05 AM
 #83

Ne1 who martingales is weak minded

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
sidhujag
Legendary
*
Offline Offline

Activity: 1666


View Profile
November 23, 2014, 06:48:45 AM
 #84

Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..
If there is a large difference between your starting bet and the lesser of your bankroll and the house max bet amount then you will generally be able to make a small amount of money as the chances of having a bad luck spree early on is very low. At the very least you will want to have at least 100x in a bankroll as your starting bet and you potentially can make a small amount of money realistically if you know when to stop.

The problem is that many people get greedy and end up loosing their entire bankroll. At a point martingale somewhat becomes an all or nothing type bet
Ne1 who gambles professionally uses math. Nuff said

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
Mobius7
Hero Member
*****
Offline Offline

Activity: 539



View Profile
November 23, 2014, 07:48:29 AM
 #85

most sites' nowadaze have martingale detection trip-switch  ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to. Smiley

sure yeah right : imo any "fair" site will get botted to hell! :-D

Martingale is a losing strategy.

Having a bot Martingale for you just makes you lose faster.

Sites welcome Martingale players because they know they will end up losing. There's absolutely no need (and if the site is designed probably, no way) to cheat them.

+1
You know why dice sites introduce autobet feature? Because it help increase the total wagered amount easily and hence the expected house profit.

J3VVL
Newbie
*
Offline Offline

Activity: 28

*Use Extreme Caution*ßITCOIN REVOLUTIONARY©


View Profile
November 23, 2014, 03:54:16 PM
 #86

most sites' nowadaze have martingale detection trip-switch  ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to. Smiley

sure yeah right : imo any "fair" site will get botted to hell! :-D

Martingale is a losing strategy.

Having a bot Martingale for you just makes you lose faster.

Sites welcome Martingale players because they know they will end up losing. There's absolutely no need (and if the site is designed probably, no way) to cheat them.


designed "probably" <---- you nailed it! ha :-D

come to www.bitcointalk.org >> Join the revolution
bitcoin4eva
Sr. Member
****
Offline Offline

Activity: 330


View Profile
November 23, 2014, 04:00:32 PM
 #87

Happened to me few times. First you win and get more comfortable, raise bets and bam. Everythings gone. Be careful when you gamble!
Yuki1988
Hero Member
*****
Offline Offline

Activity: 617



View Profile
November 23, 2014, 04:03:09 PM
 #88

most sites' nowadaze have martingale detection trip-switch  ~ good luck beating the scammers! lol :-D

With a right provably fair implementation, sites won't be able to analyze your playing style and get advantage on it. Also, they don't need to. Smiley

sure yeah right : imo any "fair" site will get botted to hell! :-D

Martingale is a losing strategy.

Having a bot Martingale for you just makes you lose faster.

Sites welcome Martingale players because they know they will end up losing. There's absolutely no need (and if the site is designed probably, no way) to cheat them.


designed "probably" <---- you nailed it! ha :-D

Dooglus probably made a typo there when trying to type "properly".

J3VVL
Newbie
*
Offline Offline

Activity: 28

*Use Extreme Caution*ßITCOIN REVOLUTIONARY©


View Profile
November 23, 2014, 04:12:58 PM
 #89

Happened to me few times. First you win and get more comfortable, raise bets and bam. Everythings gone. Be careful when you gamble!


^it's a traaaaap! ;-D

come to www.bitcointalk.org >> Join the revolution
Magicman420
Sr. Member
****
Offline Offline

Activity: 309


View Profile
November 23, 2014, 10:21:08 PM
 #90

I don't get it .. I guess I'm simple minded :/
panju1
Legendary
*
Offline Offline

Activity: 1232



View Profile
November 24, 2014, 12:10:49 AM
 #91

Why do people martingale anyways then? i dont get it..

theres a lot of people who use it and say it works..

It may work a 100 times.... and then you lose all your money.  Grin

ShetKid
Sr. Member
****
Offline Offline

Activity: 364



View Profile
November 24, 2014, 12:31:01 AM
 #92

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

sidhujag
Legendary
*
Offline Offline

Activity: 1666


View Profile
November 24, 2014, 05:16:56 AM
 #93

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.
I wouldnt doubt that the system just jacked u... Hard to do that in 50/50 its like getting hit by lightning.

U cant even dispute it since they will throw the math book at u.. I wouldnt doubt if these sites detect martingalers and screw the ones over who bet alot of money... I bet u did lose alot and i bet the site got u amd not math.. Although it doesmt always have to be that way just another reason not to use it

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
caga
Full Member
***
Offline Offline

Activity: 238

www.secondstrade.com - 190% return Binary option


View Profile
November 24, 2014, 09:53:42 AM
 #94

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

jarrick
Member
**
Offline Offline

Activity: 78


View Profile
November 24, 2014, 10:51:55 AM
 #95

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.

Maybe, you should only martingale if you have the bankroll. I have seen players who martingales with base bet of few sats, and were betting 5 btc as their last bet. If you keep around 25 losses in mind, you should be fine with martingaling(for a short term)

Martingle is a great system if you have unlimited money. Please see why does the casino has the max bet limit?

But my best strategy ever is never stop playing when you are on winning streak and stop playing when is on losing streak.

I made a little money with it.

adaseb
Legendary
*
Offline Offline

Activity: 1442



View Profile
November 24, 2014, 03:47:12 PM
 #96

Honestly this is just common sense. Learn stats or probability.


When you martingale more and more , eventually you will be cleaned out.

FORTUNEJACK.COM[
                            
5 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
          
]
Shogen
Legendary
*
Offline Offline

Activity: 966



View Profile
November 24, 2014, 04:37:25 PM
 #97

Honestly this is just common sense. Learn stats or probability.


When you martingale more and more , eventually you will be cleaned out.

Very true, and the main point of gambling IMO is you need to know when to stop both when you are up and you are down. Smiley

coincolonel
Member
**
Offline Offline

Activity: 70


View Profile
November 24, 2014, 04:56:10 PM
 #98

Honestly this is just common sense. Learn stats or probability.


When you martingale more and more , eventually you will be cleaned out.

Very true, and the main point of gambling IMO is you need to know when to stop both when you are up and you are down. Smiley

In term of probability, martingale maybe the same with betting on high win chance. But martingale allows you to control when to stop.
Daanie
Full Member
***
Offline Offline

Activity: 154


View Profile
November 24, 2014, 05:01:09 PM
 #99

it's pretty common to have 20+ loss streaks at 49.5% on dicesites. If your basebet is 1mBtc using that method, 40 BTc won't be enough.

J3VVL
Newbie
*
Offline Offline

Activity: 28

*Use Extreme Caution*ßITCOIN REVOLUTIONARY©


View Profile
November 24, 2014, 05:17:35 PM
 #100

Thanks for the heads up. I agree.

I once got up to 23 reds on martingale... Lost quite some money there lol.
I wouldnt doubt that the system just jacked u... Hard to do that in 50/50 its like getting hit by lightning.

U cant even dispute it since they will throw the math book at u.. I wouldnt doubt if these sites detect martingalers and screw the ones over who bet alot of money... I bet u did lose alot and i bet the site got u amd not math.. Although it doesmt always have to be that way just another reason not to use it


truth is anyone who comes with a consistently winning strategy will be flagged by the site operators just as i real life in Vegas if you are some kind of epic card counter .. psychic or something they will chuck you out of the casino so fast lmao Wink

come to www.bitcointalk.org >> Join the revolution
Pages: « 1 2 3 4 [5] 6 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!